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Established Health Cafe Coffee House Worthing

Worthing, West Sussex
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Established Health Cafe/Coffee House - WorthingEstablished Health Cafe/Coffee House - WorthingEstablished Health Cafe/Coffee House - WorthingEstablished Health Cafe/Coffee House - WorthingEstablished Health Cafe/Coffee House - Worthing
  • Leasehold: £89,950
  • Turnover: £112,467 £2,163 Per week
  • Net Profit: Not Applicable

Business Details

    Top Rated Cafe in Worthing On Trip Advisor

    Short Distance From Worthing Beach and Pier

    Five Star Food Hygiene Rating

    Accounts Available Year End 30th November 2021

    Annual Turnover £112,467 (Covid affected)

    Gross Profit £69,944

    Accounts Available After Viewing

    Seating For 23 Inside

    Seating For 15 Outside

    Scope For Evening Opening

    Potential For Delivery Service

    EPC - D

Description:
Ref 7669 Leasehold Health Café/Coffee House
Blacks Business Brokers are pleased to bring to the market this long established leasehold health café and coffee shop in Worthing, West Sussex.

INTRODUCTION
NRG Cavern was established in 2016. The business offers an extensive menu of balanced nutritional homemade hot and cold meals, breakfasts, brunches, lunches, salads, award-winning cakes and coffee, teas and smoothies. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to its prominent location within the heart of Worthing town centre. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Tripadvisor. The business also has a strong social media following.

LOCATION
NRG Cavern occupies a prominent trading position within a parade of shops that is located right within Worthing town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as H Samuel, H&M and many more. The business is just a short walk from the beautiful beach front and pier which generates a lot of tourism. The area is well linked by the M23 and A23 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s desire to relocate, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2015 at a cost of £298 per week.

STAFF
The business operates with three full time members of staff in employment supporting both of our clients also working on a full time basis. Additional staff are often recruited throughout busier periods in the Spring and Summer.

FINANCIAL DETAILS
NRG Cavern has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th November 2021 show that the business has an annual turnover of £112,467and a gross profit of £69,944. It should be noted that the turnover for year end November 2020 was heavily affected by Covid-19 and lockdowns. Full financial information can be made available after viewing.

BUSINESS RATES
The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This long established business occupies a superb trading position in a bustling area of Worthing. Our client has secured a strong customer base and an impressive trading history. There is plenty of scope to develop the business further with the introduction of a delivery service, evening opening hours and the introduction of outside catering. This proposition would ideally suit an owner operating team who could push the business forward and build upon.

Accomodation:
BUILDING LAYOUT AND DESIGN
NRG Cavern operates from the ground floor of a large retail unit in a prominent Shopping parade location. The business has large branding and signage on display above a fully glazed frontage, there is a small outdoor seating area to the front of the premises which seats fifteen customers. Inside, there is a large seating area for twenty three customers, a servery counter set to the right hand side which is fitted with a coffee machine, drinks fridge and epos till. The kitchen is placed at the rear of the property and has a serving hatch which passes through to the serving counter area. There is also a small larder area and toilet facilities. All areas are fitted with good quality fixtures and fittings and are presented well.



Fixtures & Fittings:
Boiler System (2 Years Old)
Domestic Large Split Fridge Freezer
Water Based Grill
4 Ring Hob
Bakers Oven
Bain Marie
Microwave
Toaster x 3
Salad Bar/Display Unit
Industrial Chef Fridges x 2
Extraction System
Single Sided Sink x 2
Crockery Cutlery Cooking Utensils Pots & Pans
Printer For Custom Orders x 2
Dishwasher
Alarm System
Fridges x 2
Freezer x 2
Large Display Fridges For Drinks
3 Head Italian Coffee Machine
Coffee Grinder
Epos Till System
Telephone Line & BT Internet Hub
Tables & Chairs - Seating For 23(inside)
Tables & Chairs - Seating For 15(outside)
Illuminated Signage
Loose Leaf Tea Jars x 5


Opening Hours:
MON: 10:00 - 17:00 TUE: CLOSED WED - SUN: 10:00 - 17:00


Weekly Rent:
£298 Per Week. Weekly Rent:
£298 Per Week.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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